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Title : Huge Jump In Legacy Fund Deposits -- February 22, 2018
link : Huge Jump In Legacy Fund Deposits -- February 22, 2018

Huge Jump In Legacy Fund Deposits -- February 22, 2018

February deposits for the Legacy Fund has been posted (see below). How did I do projecting the February deposit. On February 16, 2018, I posted:

Legacy Fund: deposits are reported here. The data is posted monthly; the most recent deposit was reported for January, 2018. Just for the fun of it, I'm trying out an algorithm to predict the next deposit. Having just run the algorithm, here are my estimates for the February, 2018, Legacy Fund deposit:

• high end: $49,392,838
• low end: $41,245,734
• average (most likely): $47,121,013.55

	Price of Bakken	Legacy Fund Deposit Projected	Legacy Fund Deposit Projected	Legacy Fund Deposit Projected	Price WTI
Projection February 2018	$54.75	Average	High end	Low	$65.50
as of February 16		$47,121,013.55	$49,392,838	$41,245,734

Another, much simpler formula, suggests the February deposit will be closer to $51,407,066. 

Last month I was off by 5% (on the low side). In January, 2018, the deposit was $46,242,885.80. 

It looks like my simpler formula was the better predictor. Legacy Fund deposits for February, 2018: $50,310,643.40.

And look at the curve, wow:

http://ift.tt/2dZyQXu

Thus Article Huge Jump In Legacy Fund Deposits -- February 22, 2018

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